124 WEEMS LN, Winchester VA 22601 Commercial Property for Sale for $425,500. This 1,432 square foot building was built in 1891 on a lot size of 0.344008 Acre(s).

Property Information
$425,500
Commercial
1,432 Square Feet
Taxes are $2,754
Automotive Service
Active
1 Floors
Lot Size of 0.344008 Acre(s)
Built in 1891
Winchester, VA
Winchester City County
MLS/Web ID is WI8008636
124 WEEMS LN, Winchester, VA
Description

Valuable income-producing property on .34 acres on Weems Lane in Winchester. It is improved by a single-family home with 1, 432 SF that leases for $800 month, a commercial auto repair garage that leases for $2, 000 month, a used car lot that leases for $1, 000 month and an efficiency apartment over the garage that leases for $525 month. The aggregate annual gross income for the property is $51, 900.

Interior
Sewer
  • Public Sewer
Water Source
  • Public Water
Exterior
Parking
  • Parking Space Conveys
Rental
Lease Terms
  • 1 year
† Excluded Feature
Listed By
Broker: OAKCREST COMMERCIAL REAL ESTATE
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Market Pricing

Average % of sale price Median % of sale price
All listings in Winchester $453,222 7 % above $279,500 34 % below
Commerical listings in Winchester $833,708 96 % above $529,000 24 % above
Sold listings in Winchester $176,765 58 % below $150,000 65 % below

Local Sold History

Address Beds Baths Sqft Sold Price Sold Date Distance (miles)
2234 ROOSEVELT BLVD
Winchester, VA
3 1.00 0.00 $60,000 12/18/2013 0.13
2234 ROOSEVELT BLVD
Winchester, VA
4 1.00 1614.00 $138,000 4/11/2014 0.13
234 WEEMS LN
Winchester, VA
1554.00 $230,000 3/4/2014 0.14
30 JIGSAW PL
Winchester, VA
2 1.00 1160.00 $94,500 3/12/2014 0.17
7 JIGSAW PL
Winchester, VA
2 1.00 0.00 $93,000 1/23/2014 0.19

Get the facts about Winchester, VA!

Population
26,756
Population Growth (since 2000)
13 %
Median Income
$44,324
Median Age
34.75
Households w/ Children
30 %
6,612 905 4,460 6,612 905 4,460
Find Out More! View more area information here.
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Information deemed reliable but not guaranteed.

The information contained in this listing is deemed reliable but not guaranteed. Listing data provided by Metropolitan Regional Information Systems, Inc. as of 8/28/2014

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.125% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.